July 26, 2013 7:27 am
The world’s biggest technology company by sales reported second-quarter revenue of 57.5 trillion won ($51.7 billion), a year-on-year increase of 20.1%. This was in line with estimations made by the company earlier this month, and fell short of analysts’ forecasts. Net profit was 7.8 trillion won ($7 billion) in the April to June quarter, a […]
Read moreJuly 26, 2013 6:55 am
U.S. stocks indexes jumped, putting to an end a two straight days of losses for the Standard & Poor’s 500 Index, as investors weighed corporate earnings and economic reports for clues on when the Federal Reserve may reduce stimulus measures. The S&P 500 soared 0.3% to 1,690.25 at 4 p.m. in New York, after earlier […]
Read moreJuly 25, 2013 1:56 pm
General Motors Co.’s second-quarter profit beat analysts’ estimates as the largest U.S. car and pickup maker is boosting growth with the one of the biggest waves of new models in its history. Profit excluding one-time items was 84 cents a share, GM said, exceeding the 77-cent average of 13 estimates compiled by Bloomberg. That compares […]
Read moreJuly 25, 2013 1:03 pm
Rolls-Royce said it intends to intensify its efforts to cut costs as the UK jet engine manufacturer declined to a 491 million pounds pre-tax loss in the first half of 2013. The group’s operating profit rose 32% in the six months to June 30, but it recorded a pre-tax loss partly because of losses on […]
Read moreJuly 25, 2013 11:15 am
U.S. stock-index futures fell, indicating the Standard & Poor’s 500 Index will continue to decline for a third consecutive day, as investors focused their attention towards economic reports to help assess when the Federal Reserve will reduce its bond-buying program. Futures on the S&P 500 expiring in September lost 0.7% to 1,672.4 at 7:06 a.m. […]
Read moreJuly 25, 2013 8:29 am
Google has made another attempt to find its place in the streaming video gadget market. The device which the tech giant is preparing to launch would cost around $35 and would have capabilities of streaming video to TV as well as adding other services. Google’s latest innovation in the segment, known as Chromecast, also involves […]
Read moreJuly 25, 2013 7:25 am
Facebook Inc persuaded investors it can perform great on smartphones and tablets on Wednesday, reporting a much better-than-anticipated surge in mobile advertising revenue in the second quarter that ignited a nearly 17% share rally. The worlds largest social network also reported an increase in daily visitors to its service, ignoring warnings that a new acquisitions […]
Read moreJuly 25, 2013 6:56 am
U.S. stocks indexes retreated, forming what seems to be a trend of slight drop, giving the Standard & Poor’s 500 Index its first-two day decline in a month, as investors weighed global manufacturing data and earnings reports from Caterpillar Inc. and Apple Inc. The S&P 500 fell 0.4% to 1,685.94 at 4 p.m. in New […]
Read moreJuly 24, 2013 2:18 pm
Boeing Co., the US-based aircraft-maker, posted a better-than-expected 13% jump in quarterly profit after delivering more commercial jets agreements, erasing concerns about the 787 Dreamliner and sending its shares up 1.6% to an all-time high. Boeing raised its full-year revenue and profit forecasts after the strong second-quarter performance. The company said it expects revenue for […]
Read moreJuly 24, 2013 12:49 pm
U.S. stock index futures advanced, suggesting the Standard & Poor’s 500 Index will rebound after yesterday’s drop, as Apple Inc. posted profit that topped estimates and European manufacturing surprisingly jumped. Future contracts on the S&P 500 expiring in September added 0.4% to 1,695 at 7:31 a.m. in New York, after the underlying index slipped 0.2% […]
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